Norwegian Cruise Line (NYSE:NCLH) Shares Up 1.2% – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price was up 1.2% on Monday . The stock traded as high as $20.88 and last traded at $20.64. Approximately 2,874,754 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 12,137,145 shares. The stock had previously closed at $20.40.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Monday, March 17th. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Truist Financial boosted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Loop Capital started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Price Performance

The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $9.04 billion, a P/E ratio of 18.83, a PEG ratio of 0.24 and a beta of 2.62. The company’s fifty day moving average price is $24.49 and its 200 day moving average price is $24.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC increased its holdings in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares during the period. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $27,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 739 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.